China's People's University Law School vice-president Yang Dong has let slip the country is preparing new regulation on cryptocurrency and ICOs for 2018.Sorting 'Good' From 'Bad' ICOs. Speaking at the Southeast Asia Blockchain Summit, Yang, who is also director of the Center for Financial Technology, further "Denied" a blanket ban on cryptocurrency trading and ICOs would continue indefinitely. While confirming over-the-counter and overseas exchanges "Would be strictly regulated," local news outlet 8btc reports that Yang added that the remedial regulatory climate in China was ostensibly meant to weed out "Bad" ICO projects to allow bonafide offerings to flourish. Good ICO projects are allowed to develop in a legal and risk-controlled environment rather than simply adopting a one-size-fits-all approach.